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. Author manuscript; available in PMC: 2011 Nov 1.
Published in final edited form as: Econ J (London). 2010 Nov 1;120(549):F363–F380. doi: 10.1111/j.1468-0297.2010.02394.x

Table 7.

Relationship of Total Financial Wealth to Cognition of Both Financial and Non-Financial Respondents 2006 sample of married couples Quantile Models (wealth in thousands of dollars)

25th Quantile Median 75th Quantile
Coef. t Coef. t Coef. t
Female −0.174 0.14 −0.036 0.01 −0.000 0.00
Hispanic −1.861 0.75 0.933 0.17 29.151 2.43
Non-white −16.003 7.89 −26.291 5.73 −58.311 5.80
Fin resp. age 6.219 6.88 5.780 2.71 4.836 1.00
Fin resp. age squared −0.036 5.59 −0.026 1.71 −0.007 0.19
Fin resp. education 0.103 0.39 0.783 0.130 3.484 2.53
Total average income 1.263 157.18 3.169 150.05 6.400 133.61
Average income squared −0.000 117.00 −0.000 121.65 −0.001 127.36
% income due to male 0.222 0.10 −5.530 1.00 7.256 0.54
Non-fin resp. age 2.785 4.38 5.038 3.31 4.741 .33
Non-fin resp. age squared −0.017 3.42 −0.031 2.64 −0.024 0.87
Non-fin resp. education 0.655 2.53 0.969 1.61 1.662 1.20
Financial Respondent
TICS Mental Status −.1.320 2.87 −1.132 1.07 −4.382 1.82
Word Recall 1.852 4.26 0.703 0.70 −4.311 1.85
Numeracy 4.123 5.00 11.967 6.26 23.281 5.25
Non-Financial Respondent
TICS Mental Status −0.533 1.38 0.492 0.55 2.821 1.40
Word Recall 1.221 2.83 3.269 3.25 −4.225 1.84
Numeracy 0.783 0.93 0.841 0.43 11.844 2.59
Cons −403.098 12.07 −561.741 7.19 −571.719 3.15
N 11,688 11,688 11,688
90th Quantile
Coef. t
Female −3.136 0.22
Hispanic 39.663 1.57
Non-white −89.407 4.35
Fin resp. age −7.917 0.81
Fin resp. age squared 0.122 1.74
Fin resp. education 4.204 1.43
Financial respondent 3.136 0.22
Total average income 10.667 94.20
Average income squared −0.001 91.84
% income due to male 43.994 1.49
Non-fin resp. age 7.910 1.11
Non-fin resp. age squared −0.059 1.08
Non-fin resp. education 5.020 1.67
Financial Respondent
TICS Mental Status −1.907 0.37
Word Recall 0.557 0.11
Numeracy 31.148 3.33
Non-Financial Respondent
TICS Mental Status 12.379 2.89
Word Recall −11.542 2.35
Numeracy 1.137 0.12
Cons −364.874 0.97
N 11,688